In this one-hour overview course, we’ll review the key accounting aspects of ASC 842, primarily from a lessee’s perspective. The course will review lease classification, measuring and recording lease liabilities and related assets, and subsequent accounting for both finance and operating leases. The course will also discuss transition accounting for ASC 842 and provide examples of the disclosures required under the standard.
Learning Objectives
- Comprehend and apply the FASB’s comprehensive lease accounting guidance found in ASU No. 2016-02, Leases (Topic 842)
- Recall operational issues in adopting the lease accounting standard
Major Topics
- ASU No. 2016-02, Leases (Topic 842)
- Overall lease accounting guidance
- Lessor Accounting 101
- Detailed review of accounting by lessees
- Updates to the lease accounting guidance
